Coffee price slides on Latin America supply

Coffee prices tumbled to a four and a half year low as the market was hit by a continued flow of supplies from Latin America while the fall in the Brazilian real against the dollar encouraged selling by producers. Arabica coffee, the high-quality bean used in espressos and cappuccinos, has continued to plumb multiyear lows because of bumper crops in the past few years.
ICE arabica coffee for March delivery fell on Thursday to $1.1285 a pound, the lowest level since 2009, as Brazilian producers took advantage of the real’s decline against the dollar, locking in future sales prices………………………………………..Full Article: Source